mr. mnuchin, the president's adjustment to and ultimately strong dollar policy, and how does that fold in to what you do, unconstrained every day at janus hendersonll: tom, i don't listen to much to president trump are steve mnuchin in terms of what policy they want. i think they speak with forked tongue or with difference in our euros in order to please the market. i think what important in terms of the dollar, and we know the dollar has been down 10% basically over the past 12 months relative to other currencies, is the budget deficit. if we are moving to a $1 trillion budget deficit, that scares foreign investors in terms of holding dollars because know, thatat, you the fiscal situation is deteriorating. so i think i would pay more the success perhaps or lack of success of the infrastructure program advanced last night and the fact that, even without that we are headed towards when trillion dollars in terms of a deficit. and the weak dollar is probably what we should expect as opposed to a strong dollar. tom: if yields are up to a bracketed 3% yield, does bill gross just assume more responsibility for volatility for investors? think so tom at